B of A Securities Cuts AMP Price Target to $445
Key Points
- B of A Securities downgraded Ameriprise Financial to Underperform and reduced its price target to $445 on October 19, 2026.
- B of A Securities's $445 price target implies 11.14% downside from Ameriprise Financial, Inc.'s ($AMP) current $500.80 share price.
- Institutional investors recently adjusted their stakes, with Curated Wealth Partners cutting its holdings down to 1,069 shares.
- Ameriprise Financial shares recently traded around $500.80, with a trailing P/E ratio of 12.1.
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On October 19, 2026, B of A Securities lowered its rating on Ameriprise Financial, Inc. (NYSE:AMP) to Underperform. The firm also reduced its price target from $570 to $445 in a note issued to clients. The stock closed at $500.80 on October 16, 2026.
AMP
Ameriprise Financial, Inc.
B of A Securities vs. the S&P 500
Hypothetical returns from B of A Securities's disclosed trades, not real profit or advice. How we model this.
B of A Securities's Call on Ameriprise Financial
B of A Securities shifted its stance on the asset management firm by assigning an Underperform rating alongside the $445 price target.
Other Institutional Activity in Ameriprise Financial
Curated Wealth Partners cut its holdings by 410,153 shares, ending with 1,069 shares worth about $526,322. Aristotle Capital Management, LLC cut its holdings by 128,505 shares, ending with 2,083,285 shares worth about $1.04 billion. Nuveen, LLC grew its holdings by reducing its position by 8,245 shares, ending with 1,490,792 shares worth about $746.59 million. AQR Capital Management, LLC grew its holdings by reducing its position by 151,066 shares, ending with 1,324,189 shares worth about $663.15 million.
Ameriprise Financial, Inc. Stock Down 0.4%
Ameriprise Financial shares recently traded around $500.80 on October 19, 2026. The company has a market capitalization of roughly $44.24 billion and trades below its 50-day moving average.
$AMP price target
Ameriprise Financial, Inc. daily closes and this analyst's $445 target. Not advice.
Recent Earnings
Ameriprise Financial reported trailing twelve-month revenue of $19.84 billion and earnings of $41.42 per share. The company operates across wealth management and asset management sectors, with its next earnings report scheduled for October 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 9.2%. Revenue beat estimates by 2.1%.
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Profit surprise
EBITDA missed by 13 percent. Operating income met by 0 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
2 target raises, 1 target cut.
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Earnings quality
Gross margin up 55.1 points. Operating margin up 9.3 points.
Earnings Call Summary
Ameriprise posted record earnings of 11.26 dollars per share, beating consensus by 10 percent, as revenues grew 11 percent to 4.8 billion dollars. Assets under management reached 1.7 trillion dollars, up 12 percent, fueled by client net inflows and market gains. Management credited their integrated technology platform, strong adviser productivity reaching 1.2 million dollars, and disciplined hiring approach as key drivers. They remain focused on organic growth over acquisitions and are investing heavily in AI tools and new banking products.
Guidance Management did not provide specific forward guidance. They emphasized strong organic growth momentum and disciplined capital allocation, with confidence in achieving their 4 to 5 percent net client asset growth target despite aggressive recruiting competition. Huntington Bank partnership with 28 billion dollars in assets begins in the fourth quarter; Comerica advisers expected to depart by end of third quarter.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Dividend
Ameriprise Financial pays an annual dividend rate of $6.80 per share, offering a dividend yield of 1.35% with a payout ratio of 15.7%.
Insider Buying and Selling at Ameriprise Financial, Inc.
Company insiders executed several sales prior to the rating change. Chief Executive Officer James M. Cracchiolo sold 18,020 shares valued at $9.83 million on July 28, 2026. Chief Financial Officer Walter Stanley Berman sold 11,012 shares valued at $6.05 million on the same day. Officer Deirdre Davey Mcgraw sold 2,400 shares at an average price of $558.28 for a total of $1.34 million on August 6, 2026. Officer Dawn M. Brockman sold 472 shares at an average price of $558.93 totaling $263,815 on August 10, 2026.
Analysts Set New Price Targets
Argus Research maintains a Buy rating with a $590 target on July 31, 2026. BMO Capital maintains a Market Perform rating with a $520 target on October 6, 2026. Evercore ISI Group maintains an In-Line rating with a $632 target on October 7, 2026. Morgan Stanley maintains an Underweight rating with a $483 target on October 9, 2026.
About Ameriprise Financial
Ameriprise Financial, Inc. provides financial planning, wealth management, asset management, and retirement services to individual and institutional clients from its headquarters in Minneapolis, Minnesota.
Bottom Line
Investors will watch the upcoming earnings release on October 29, 2026, for further updates on the company's financial health. Market participants should monitor how broader asset management trends influence future analyst revisions.
Related Filing Alerts
Source: B of A Securities's rating change on $AMP (Oct 19, 2026). Written by software, not financial advice. How we make alerts